LOS ANGELES, Jan. 13, 2021 /PRNewswire/ -- ATIF Holdings
Limited (Nasdaq: ATIF, "ATIF"), a company providing business
consulting and media services in Asia and North
America, announces the client of ATIF, a China-based pharmaceutical and chemical
products manufacturer, Qilian International Holding Group Limited
(Nasdaq: QLI, "Qilian"), has made a powerful debut with its
IPO on January 12, 2021.
Qilian's stock opened at US$5.00
and reached a high of US$22, up 340%
and closed at US$10, up 100%, with
its market capitalization of US$350
million.
Qilian announced the pricing of its initial public offering
of 5,000,000 ordinary shares at a
public offering price of US$5.00 per
share on January 12, 2021. Qilian
expects to receive aggregate gross proceeds of US$25 million from this Offering, before
deducting underwriting discounts and other related expenses.
About Qilian International Holding Group Limited
Qilian International Holding Group Limited, headquartered in
Gansu, China, is a pharmaceutical
and chemical products manufacturer in China. It focuses on the development,
manufacture, marketing and sale of licorice products,
oxytetracycline products, traditional Chinese medicine derivatives
product, heparin product, sausage casings, and fertilizers. The
Company's products are sold in more than 20 provinces in
China. For more information, visit
the company's website at http://ir.qlsyy.net.
About ATIF Holdings Limited
Headquartered in Los Angeles, California, ATIF
Holdings Limited ("ATIF") is a holding group with asset management,
investment holding and media services sectors and provide business
consulting services to small and medium-sized enterprises
in Asia and North America, including going public
consulting services, international business planning and consulting
services, and financial media services. ATIF operates an
internet-based financial consulting service platform IPOEX.com,
which provides prestige membership services including online
capital market information, pre-IPO education and matchmaking
services between SMEs and financing institutions. ATIF has
advised several enterprises in China in their plans to
become publicly listed in the U.S. For more information,
please visit https://ir.atifchina.com/.
Forward-Looking Statements
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose" and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantee of future performance,
conditions or results, and involve a number of known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: future financial and operating results, including revenues,
income, expenditures, cash balances and other financial items;
ability to manage growth and expansion; current and future economic
and political conditions; ability to compete in an
industry with low barriers to entry; ability to continue to operate
through our VIE structure; ability to obtain additional financing
in the future to fund capital expenditures; ability to attract new
clients and further enhance brand recognition; ability to hire and
retain qualified management personnel and key employees; trends and
competition in the financial consulting services industry; a
pandemic or epidemic; and other factors listed in the Company's
annual report on Form 20-F and other documents filed with
the Securities and Exchange Commission. The Company undertakes
no obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions you that actual results may differ materially from the
anticipated results expressed or implied by the forward-looking
statements we make. You should not rely upon forward-looking
statements as predictions of future events. Forward-looking
statements represent our management's beliefs and assumptions only
as of the date such statements are made. These forward-looking
statements are made as of the date of this news release.
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SOURCE ATIF Holdings Limited